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A from U.S. News & World Report magazine used data from to identift malls where the retail business remainxs healthy despitethe recession. The repory used data including sales, occupancy rates and quality gradesa for about 650 of the biggest shoppinyg centers inthe U.S. Ala Moana has an estimated occupanchy rate of95 percent, with $1,125 in saless per square foot. The center has annual sales of morethan $1 according to the report, which concluded: “This upscalr shopping mecca near Waikiki is a gold It was noted that while othedr malls are having a hard time stayinf full, Ala Moana added a new wing with 30 more Other profitable malls listed in the report are Fashio n Valley Mall in San Diego, Forum Shop at Caesars in Las Westfield Garden State Plaza and The Mall at Short Hills, both in New and the Mall at Millenia in Fla.
The report showed that the most profitablesmalls don’t rely on discounters, but instead featur e stores with strong brand identity such as Nordstrom, Apple and Abercrombiee & Fitch. The best malls are located in densely populated areas ortouristy spots, as Ala Moana is, just blocksx away from Waikiki Beach. Ala Moana’s owner, , filee for Chapter 11 bankruptcyin April.
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